The Minneapolis singer has signed a deal which will see him regain ownership of his back catalogue, while his albums ‘Dirty Mind’, ‘Controversy’ and ‘1999’ will continue to be licensed through the label as part of a new global agreement.

The deal also means ‘Purple Rain’ will be remastered as a deluxe, remastered edition to coincide with the 30th anniversary in June. Warner Bros have also stated they will release a new album from Prince, with “other projects set to follow”.

“A brand-new studio album is on the way and both Warner Bros Records and Eye (sic) are quite pleased with the results of the negotiations and look forward to a fruitful working relationship,” Prince said in a statement.